Forvis Mazars Wealth Advisors LLC Sells 63 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Forvis Mazars Wealth Advisors LLC cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,069 shares of the home improvement retailer’s stock after selling 63 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $8,655,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LOW. AMF Tjanstepension AB raised its position in shares of Lowe’s Companies by 14.4% in the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after purchasing an additional 20,123 shares during the period. Allspring Global Investments Holdings LLC increased its position in Lowe’s Companies by 75.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 52,989 shares of the home improvement retailer’s stock worth $14,352,000 after acquiring an additional 22,812 shares during the period. Dakota Wealth Management increased its position in Lowe’s Companies by 3.0% during the third quarter. Dakota Wealth Management now owns 11,565 shares of the home improvement retailer’s stock worth $3,132,000 after acquiring an additional 335 shares during the period. Mount Yale Investment Advisors LLC increased its position in Lowe’s Companies by 14.4% during the third quarter. Mount Yale Investment Advisors LLC now owns 4,855 shares of the home improvement retailer’s stock worth $1,315,000 after acquiring an additional 610 shares during the period. Finally, Silver Oak Securities Incorporated increased its position in Lowe’s Companies by 18.2% during the third quarter. Silver Oak Securities Incorporated now owns 2,586 shares of the home improvement retailer’s stock worth $691,000 after acquiring an additional 399 shares during the period. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Price Performance

NYSE:LOW opened at $238.93 on Friday. The firm’s 50 day simple moving average is $253.31 and its 200 day simple moving average is $258.70. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The company has a market cap of $134.91 billion, a PE ratio of 19.93, a P/E/G ratio of 1.96 and a beta of 1.11.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the sale, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of recent research reports. TD Cowen raised their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Barclays raised their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research report on Thursday. Wedbush reissued a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, Stifel Nicolaus raised their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $282.96.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.